Top Posters
Since Sunday
g
1
Home Q & A Board Science-Related Homework Help Mathematics
New Topic  
mitch44 mitch44
wrote...
Go to Answer
Posts: 143
Rep: 0 0
2 years ago
A conditional sale contract requires two payments 3 and 6 months after the date of the contract. Each payment consists of $1900 principal plus interest at 12.5% on $1900 from the date of the contract. One month into the contract, what price would a finance company pay for the contract if it requires an 18% rate of return on its purchases?
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
Read 397 times
2 Replies
Replies
Answer verified by a subject expert
scmhackscmhack
wrote...
#1
Posts: 137
Rep: 0 0
2 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Anonymous
wrote...
#2
5 months ago
Help! The answer is missing an explanation...
New Topic      
Quick Reply
Bold
Italic
Underline
Strikethrough
Subscript
Superscript
Insert Math Equation
Font Name
Font Color
Align left
Center
Align right
Bullet list
Numbered list
Insert a horizontal rule
Insert a table
Insert a Quote
View source
Explore
Post your homework questions and get free online help from our incredible volunteers
  1306 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 1148
  
 414
  
 257
Your Opinion
Which 'study break' activity do you find most distracting?
Votes: 891
Previous poll results: Do you trust social media networks with protecting your privacy?